America’s Group capped a year of growth by taking the Expressway to the Empire State. A few days before Christmas, the auction group announced it had expanded into New York state with the acquisition of Expressway Auto Auction in Dansville, N.Y. The auction was founded in 1967 and was a multi-generational family-owned business. It has […] [Read More]

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles have jumped 33.6% from the same period of 2024. What does this indicate? For one, it means that “rental fleets continue to remarket larger quantities […] [Read More]

Last week’s trends connected with wholesale prices and conversion rates reflected how auctions, consignors, and dealers probably spent at least part of the timeframe celebrating Thanksgiving. That’s the summation from Black Book’s latest installment of Market Insights, that covered the week including time for good food enjoyed with family and friends. Analysts reported on Tuesday […] [Read More]

Montway Auto Transport’s VIP Relocation service is giving its clients a little extra security boost. The third-party logistics brokerage is adding two-factor authentication to all vehicle pickups managed through its VIP Relocation service, designed to ensure vehicles are handed off only to authorized recipients. The feature aims to strengthen consumer protection, reduce fraud and increase […] [Read More]

Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations. Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.” Analysts added in […] [Read More]

“Merry” is a word you hear a lot this time of year. But for Montway Auto Transport, it’s not about holiday cheer. It’s about security. The third-party logistics brokerage announced it has integrated the Ship.Cars Fraud Detection Tool — personified by Montway’s new security icon, Merry Montana — into its platform. In a news release, […] [Read More]

On the franchised dealer side of its business, OPENLANE provides private-label programs for automakers, who can sell wholesale vehicles directly to their dealer bodies. “And what that means is the majority of franchise dealers out there are customers of ours through those private-label programs, and that creates a sort of an entry point and a […] [Read More]